Published on 12/2/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $614,000 accelerated barrier notes linked to S&P 500, Russell
By Toni Weeks
San Luis Obispo, Calif., Dec. 2 – Credit Suisse AG, London Branch priced $614,000 of 0% accelerated barrier notes due Nov. 29, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the least-performing index is equal to or greater than the initial level, the payout at maturity will be par plus 162.5% of the return of that index.
Investors will receive par if the least-performing index falls by up to 30% and will be fully exposed to the decline of the least-performing index if it falls by 30% or more.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $614,000
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Maturity: | Nov. 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of least-performing index is positive, par plus 162.5% of gain in that index; par if least-performing index falls by up to 30%; otherwise, exposure to loss from initial level if least-performing index falls by 30% or more
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Initial levels: | 2,072.83 for S&P 500, 1,190.624 for Russell
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Knock-in levels: | 1,450.981 for S&P 500, 833.4368 for Russell, 70% of initial levels
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Pricing date: | Nov. 26
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Settlement date: | Dec. 2
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.6%
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Cusip: | 22547QW51
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